REGISTERED NUMBER: SC637116 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BRUCE COACHES (SCOTLAND) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Bruce Jnr

REGISTERED OFFICE:

40 Main Street

Salsburgh

Shotts

ML7 4LW

REGISTERED NUMBER:

SC637116 (Scotland)

FIXED ASSETS

Tangible assets

4

1,131,960

988,210

Investments

5

10,000

10,000

1,141,960

998,210

CURRENT ASSETS

Stocks

6

25,810

15,400

Debtors

7

675,918

596,522

Cash at bank and in hand

2,046,428

1,516,397

2,748,156

2,128,319

CREDITORS

Amounts falling due within one year

8

1,244,983

861,392

NET CURRENT ASSETS

1,503,173

1,266,927

TOTAL ASSETS LESS CURRENT LIABILITIES

2,645,133

2,265,137

CREDITORS

Amounts falling due after more than one year

9

(40,783

)

(207,349

)

PROVISIONS FOR LIABILITIES

10

(210,245

)

(160,339

)

NET ASSETS

2,394,105

1,897,449

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

2,393,955

1,897,299

SHAREHOLDERS' FUNDS

2,394,105

1,897,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2026 and were signed by:

J Bruce Jnr - Director

1.	STATUTORY INFORMATION

Bruce Coaches (Scotland) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Coaches

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Equity instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 69 (2024 - 68 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Coaches

machinery

fittings

£

£

£

COST

At 1 January 2025

1,776,040

128,701

14,435

Additions

250,000

13,950

-

At 31 December 2025

2,026,040

142,651

14,435

DEPRECIATION

At 1 January 2025

1,107,944

36,806

6,315

Charge for year

167,024

23,773

2,030

At 31 December 2025

1,274,968

60,579

8,345

NET BOOK VALUE

At 31 December 2025

751,072

82,072

6,090

At 31 December 2024

668,096

91,895

8,120

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

339,505

20,358

2,279,039

Additions

155,023

-

418,973

At 31 December 2025

494,528

20,358

2,698,012

DEPRECIATION

At 1 January 2025

130,904

8,860

1,290,829

Charge for year

79,207

3,189

275,223

At 31 December 2025

210,111

12,049

1,566,052

NET BOOK VALUE

At 31 December 2025

284,417

8,309

1,131,960

At 31 December 2024

208,601

11,498

988,210

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

Coaches

vehicles

Totals

£

£

£

COST

At 1 January 2025

1,776,040

39,000

1,815,040

Additions

-

97,800

97,800

At 31 December 2025

1,776,040

136,800

1,912,840

DEPRECIATION

At 1 January 2025

1,107,944

22,547

1,130,491

Charge for year

167,024

28,563

195,587

At 31 December 2025

1,274,968

51,110

1,326,078

NET BOOK VALUE

At 31 December 2025

501,072

85,690

586,762

At 31 December 2024

668,096

16,453

684,549

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

10,000

NET BOOK VALUE

At 31 December 2025

10,000

At 31 December 2024

10,000

6.

STOCKS

2025

2024

£

£

Stocks

25,810

15,400

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

570,556

545,074

Tax

4,480

4,480

VAT

96,305

35,917

Prepayments

4,577

11,051

675,918

596,522

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

226,900

321,170

Trade creditors

541,246

157,072

Tax

143,449

212,156

Social security and other taxes

68,655

57,844

Other creditors

5,771

6,026

Directors' current accounts

68

3

Accrued expenses

258,894

107,121

1,244,983

861,392

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

40,783

207,349

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

210,245

160,339

Deferred

tax

£

Balance at 1 January 2025

160,339

Charge to Income Statement during year

49,906

Balance at 31 December 2025

210,245